With the withdrawal negotiations deadlocked and Brexit rifts once again emerging within Cabinet, Theresa May flew to Florence to deliver a speech aimed at breaking the impasse and re-asserting her personal authority to boot.

The key takeaways are that the UK will seek a two-year transition period during which it will for all intents and purposes remain within the single market and in a customs union with the EU, providing some welcome certainty for business. She also made some concessions on EU citizens’ rights and the so-called divorce bill.

See below for the Edelman Brexit team’s detailed analysis.